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Supremex (TSE:SXP) Shares Pass Above 200-Day Moving Average - Time to Sell?

Supremex logo with Consumer Cyclical background

Supremex Inc. (TSE:SXP - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$3.84 and traded as high as C$4.00. Supremex shares last traded at C$3.90, with a volume of 42,100 shares traded.

Supremex Price Performance

The firm has a market capitalization of C$99.81 million, a P/E ratio of -5.96, a P/E/G ratio of 0.31 and a beta of 1.32. The business's fifty day moving average is C$3.89 and its 200 day moving average is C$3.84. The company has a current ratio of 2.20, a quick ratio of 1.01 and a debt-to-equity ratio of 86.35.

Supremex Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 20th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.20 annualized dividend and a dividend yield of 4.98%. Supremex's dividend payout ratio is currently -23.70%.

About Supremex

(Get Free Report)

Supremex Inc is engaged in manufacturer and marketer of a broad range of custom envelopes and packaging products. The company operates in two business segments that are Manufacturing and Sale of Envelopes, and the manufacturing and sale of paper-based packaging solutions and specialty products. The majority of the revenue is generated from the Envelope segment.

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